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Chesapeake Financial Shares Inc. (OTCQX:CPKF) CEO Jeffrey Szyperski said a first-quarter net loss was a deliberate step toward strengthening future earnings, as the company repositioned $75 million of its investment portfolio into higher-yielding assets. "The first quarter loss was a proactive move by us to reposition approximately $75 million of investment securities into much higher yields,” Szyperski said in a statement on Tuesday.
